Scout Investments Inc. acquired a new stake in D. R. Horton Inc (NYSE:DHI) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 142,802 shares of the construction company’s stock, valued at approximately $4,950,000.
Other large investors have also recently bought and sold shares of the company. IMS Capital Management purchased a new stake in shares of D. R. Horton during the 3rd quarter worth approximately $115,000. River Wealth Advisors LLC purchased a new stake in shares of D. R. Horton during the 3rd quarter worth approximately $160,000. Qube Research & Technologies Ltd increased its stake in shares of D. R. Horton by 2,033.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 3,883 shares of the construction company’s stock worth $159,000 after purchasing an additional 3,701 shares during the last quarter. Hollencrest Capital Management purchased a new stake in shares of D. R. Horton during the 3rd quarter worth approximately $205,000. Finally, Hilltop Holdings Inc. purchased a new stake in shares of D. R. Horton during the 3rd quarter worth approximately $220,000. Hedge funds and other institutional investors own 81.58% of the company’s stock.
D. R. Horton stock opened at $39.60 on Monday. D. R. Horton Inc has a 1-year low of $32.39 and a 1-year high of $52.74. The company has a market capitalization of $14.89 billion, a P/E ratio of 9.68, a price-to-earnings-growth ratio of 0.77 and a beta of 1.16. The company has a quick ratio of 1.31, a current ratio of 7.25 and a debt-to-equity ratio of 0.35.
D. R. Horton (NYSE:DHI) last announced its quarterly earnings results on Thursday, November 8th. The construction company reported $1.22 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.22. D. R. Horton had a net margin of 9.09% and a return on equity of 18.27%. The firm had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.56 billion. During the same period last year, the firm earned $0.82 EPS. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. Sell-side analysts forecast that D. R. Horton Inc will post 4.18 EPS for the current year.
In other D. R. Horton news, CFO Bill W. Wheat sold 12,892 shares of the firm’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $37.71, for a total value of $486,157.32. Following the completion of the transaction, the chief financial officer now directly owns 145,180 shares of the company’s stock, valued at approximately $5,474,737.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Bradley S. Anderson sold 10,000 shares of the firm’s stock in a transaction on Friday, December 28th. The shares were sold at an average price of $34.40, for a total transaction of $344,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 226,892 shares of company stock valued at $8,206,227. Insiders own 6.87% of the company’s stock.
DHI has been the subject of several research analyst reports. Bank of America set a $65.00 price target on shares of D. R. Horton and gave the stock a “buy” rating in a research note on Thursday, October 11th. JMP Securities set a $44.00 price target on shares of D. R. Horton and gave the stock a “buy” rating in a research note on Wednesday, January 2nd. Buckingham Research initiated coverage on shares of D. R. Horton in a research note on Friday. They set a “buy” rating for the company. Credit Suisse Group restated a “buy” rating and set a $46.00 price target on shares of D. R. Horton in a research note on Friday. Finally, BTIG Research reduced their price objective on shares of D. R. Horton to $52.00 and set a “buy” rating for the company in a research note on Friday, November 9th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. D. R. Horton has an average rating of “Buy” and an average price target of $46.87.
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D. R. Horton Company Profile
D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 27 states and 81 markets in the United States under the names of D.R.
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